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Book Cover
Book
Author Eichengreen, Barry J.

Title International monetary arrangements for the 21st century / Barry Eichengreen
Published Washington, D.C. : Brookings Institution, [1994]
©1994

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Location Call no. Vol. Availability
 MELB  332.45 Eic/Ima  AVAILABLE
Description xxviii, 171 pages : illustrations ; 24 cm
Series Integrating national economies
Integrating national economies.
Contents 1. Introduction -- 2. Policy Options -- 3. Prerequisites for International Monetary Stability -- 4. Evidence from the Historical Record -- 5. The Challenge of Deep Integration -- 6. The Optimum Currency Dilemma -- 7. European Prospects -- 8. Options for the Rest of the World -- 9. Conclusion -- Comments / Alberto Giovannini and Toyoo Gyohten
Summary Eichengreen describes the various international monetary arrangements with which policymakers have experimented in the past. He introduces the requirements that an international monetary system must satisfy and illustrates how these requirements have been met over time. He analyzes which preconditions for the smooth operation of international monetary systems in the past will be impossible to achieve in the next century and creates a list of feasible options for future policymakers
Recent events have reignited the debate over the future of the international monetary system. This book, part of the Integrating National Economies series, examines international monetary options for the twenty-first century. Barry Eichengreen argues that it will not be possible for governments to prevent exchange rate movements from exceeding prespecified limits. Changes in technology, market structure, and politics will force countries that have traditionally pegged their exchange rates to choose between floating rates and monetary unification
Bibliography Includes bibliographical references (pages 151-162) and index
Subject Foreign exchange -- Government policy.
International finance.
Monetary policy.
Author Brookings Institution.
LC no. 94023163
ISBN 0815722753
0815722761
Other Titles International monetary arrangements for the twenty first century